Monthly Archives: September 2013
Making Money While You Sleep.
I had a couple of nice trades this week that i entered a bit late in the day, so i had to set my profit target and go to bed. I don’t normally let trades run overnight, but i do enjoy making money while i sleep.
Its nice to get up and open the charts to see your profit target hit, and a nice chunk of money in your trading account to start the day off.
The last couple of weeks i have been testing out a new broker, so i have been taking a lot of more trades than i would normally take, to see how they perform. I am quite happy with the results so far. The commission on the new broker is almost half of what i am currently paying, and that equates to a lot of money over the course of a month.
I will test them out for another couple of weeks, and then offer my students the option of moving their accounts over to them too. I am in the process of negotiating a deal with the new broker to see if they can offer us some financial incentives if we all move over. The deal i am currently getting is very good, but if they can offer us something more by trading as a group, then that’s a bonus.
I am also in the process of setting up managed Forex trading accounts with this new broker, where i will be able to trade clients money by copying the trades i take through my own trading account, direct to clients trading accounts. More information on my managed Forex trading service can be found here
I have been approached by a number of clients in the past to offer this managed account service, so if the demand is there, then why not. Its not really that much extra work to offer the managed service, so it will not impinge on my current activities too much.
I have a new student starting this week from Canada, so i am looking forward to that. My current guys are doing well, and i have a few more interested parties, so everything is ticking along nicely at the moment. I am hoping to take a holiday sometime in the next couple of months, so i am looking forward to that too.
That’s all for now folks. If you are trading this week, keep your stops nice and tight. Thanks for visiting my blog, and have a great trading week. 🙂
Another Great Week Of Trading. Do I Have The Best Job In The World Or What?
Hi all. Sorry i have not updated the blog for a while, but i have been busy getting new students up to speed, and making pips.
Its been a bit tough pips wise over the holiday period, but now things are getting back to normal. I have been averaging between 150 and 200 pips per week, for the last few weeks, but this week i am well over 300.
I am splitting my time between teaching and trading, but i am finding my trading is suffering somewhat because of the amount of time i spend teaching. As i teach all my students in real time, in a live market, i cannot trade and teach at the same time. I also feel it would be disrespectful to my students if i was trading when i teach. If they are paying for my time then its only fair that i do not trade when i teach, so i am finding that i am not getting into trades if i have a lesson coming up, or i am closing out of trades if i have a lesson coming up, which is having a big effect on the number of pips i make each week.
I really do enjoy teaching though, and we have a great group of traders in the live trading room at the moment, and we are all working well together. I am sure there are many more great people out there that could add something to the group, and really benefit from what i teach, so i don’t want to stop the teaching side of the business just yet.
Its a real buzz to see your students making lots of pips, and living the dream, and its all because of the education you have given them. One of my guys regularly makes over 100 pips per day, which is fantastic. He made 143 pips yesterday, and 91 today, all before 2.30 UK time. He has really taken on board what i have taught him, and he is reaping the benefits.
I am not going to be teaching forever though, as i do enjoy the lifestyle that trading gives me, and i do enjoy my free time, which i am getting less of at the moment, but having said that i am currently seeking new students for start dates in October. So if you are a struggling trader, and you think you could add something to the existing group, i would like to hear from you. I have some big plans for the future, and the group of traders i have with me now, or any that join me in the next 6 months, are going to be in a very good position in a couple of years. There are some very lucrative opportunities available in Forex trading for the top traders, and everyone in the group will have access to those opportunities. I believe in sharing the wealth and giving everyone a fair opportunity to invest in their future.
So if you are interested in coming on board, click on the link for more information on my Forex training course.
Have a great weekend, and a great trading week. 🙂